Spitzer busts Sony-BMG for Payola [Archive]

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Bulldogcakes

07-25-2005, 02:41 PM

Story (http://www.boycott-riaa.com/article/17600)
Since Spitzer's investigation began, the three other record companies
have circulated internal memos outlining unacceptable promotion
practices company insiders said. 
 
Radio airplay is considered the most powerful promotional tool for
record companies. In the past, labels blatantly traded cash, drugs and
prostitutes for airplay. 
 
Today, record companies pay independent promoters to persuade radio programmers to spin particular songs. 
 
The independent promoters pay radio stations annual fees, sometimes in
excess of $100,000, in exchange for advance copies of the stations'
playlists. Promoters say these fees do not influence a radio station's
choice of songs. However, critics suggest that the payments are a way
to skirt the law. 

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WRESTLINGFAN

07-25-2005, 04:22 PM

This guy is ruthless, He goes for the jugular when he files a lawsuit. Alot of Mutual Fund and Insurance companies felt his wrath <img title="spitzer" height="320" alt="spitzer" src="http://www.ilchv.org/gallery/eliot-spitzer.jpg" width="240" border="0" />

O and A... PARTY ROCK!!!!!

Bulldogcakes

07-25-2005, 04:44 PM

Yeah, I'm not a big fan of his. On most of his cases, I cant find
the smoking gun. Where's the corruption here? They pay a company to
promote thier artists. And. . . . ? 
I actually think he's a shake down artist, 10 mil is nothing to
Sony, and he goes away. Like Jesse Jackson, but he was actually elected
to something. And he gets his handsome face in the newspapers alot, so
he's probably the next Governor. This act has been done a thousand
times. Crusading prosecutor locks up bad guys and gets elected to major
office. Guiliani, Dewey, even way back to LaGuardia. Which is fine, as
long as there some ACTUAL bad stuff going on here. I get the impression
he thinks ALL business is corrupt on some level, like alot of his left
wing liberal friends. 


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Do Siamese twins have to file seperate tax returns? Or do they file jointly?

HBox

07-25-2005, 05:01 PM

I think there was a lot of shady shit going on in
the mutual fund business. I didn't mind him going after
them. 

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Bulldogcakes

07-25-2005, 05:12 PM

Like what? And I'm not trying to be a prick, I'm asking. Every time
he's done one of these settlements, I look into the wrongdoing, and I
cant find any that makes any sense to me. 

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Do Siamese twins have to file seperate tax returns? Or do they file jointly?

WRESTLINGFAN

07-25-2005, 05:18 PM

In the mutual fund scandal of late 2003 Traders were involved in a timing scandal. Mutual funds stop trading at 4pm and traders were making money after the 4pm close

O and A... PARTY ROCK!!!!!

Bulldogcakes

07-25-2005, 05:29 PM

Ok, thats something. But its the kind of thing you hand out some fines for, not hold a major press conference. 

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Do Siamese twins have to file seperate tax returns? Or do they file jointly?

torker

07-25-2005, 05:41 PM

<img title="spitzer" height="320" alt="spitzer" src="http://www.ilchv.org/gallery/eliot-spitzer.jpg" width="240" border="0" />           I'm here for the 'Eliot Spitzer Story' casting call.                   <img src="http://www.souleropposite.com/images/meloni-2.jpg" border="0" />

[center]<IMG SRC=http://i6.photobucket.com/albums/y201/torker1313/torkburg.jpg>[center]

[i][center]Which of course in German means a whale's vagina[center][i]

HBox

07-25-2005, 06:05 PM

You don't have to
take my word about it, but I read a bunch of articles outlining what was going on with
the mutual fund scandals. I'd have zero chance finding them now. But
what I remember was what Wrestlingfan said, and also something like
skimming off the top, something similar to the plot in Office Space. That's as best as I can explain it from my memory. It
was very complicated and I have zero chance of explaining it without
the articles, but they were making some serious money. 

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Recyclerz

07-25-2005, 07:15 PM

Mutual fund problems Summary<a href="http://en.wikipedia.org/wiki/Mutual_fund_scandal_(2003">http://en.wikipedia.org/wiki/Mutual_fund_scandal_(2003</a>)Investment Bank scandal summary<a href="http://en.wikipedia.org/wiki/Global_settlement">http://en.wikipedia.org/wiki/Global_settlement</a> There was a ton of illegal & unethical shenanigans going on in Wall St. during the bubble of the late '90's: conflicts of interest in research, late trading, market timing, etc.  Nobody else was picking through the wreckage; Spitzer just picked up Guiliani's playbook and ran with it.  In fact, Spitzer, while undeniably being a camera hog, is actually less of a phony showboat than Rudy, who became notorious for slapping the cuffs on honchos, perp-walking them out in front of the TV cameras and then having to drop the charges later on.  Payola is also illegal, but I agree, shouldn't be such a big deal anymore<a href="http://en.wikipedia.org/wiki/Payola#Payola">http://en.wikipedia.org/wiki/Payola#Payola</a>   

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[b]There ain't no asylum here.
King Solomon, he never lived 'round here[b]

Snoogans

07-25-2005, 07:19 PM

Maybe they will finally nab Imus for using the ranch for personal vacations MOBY WORM BABY 

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GO SAWX!!!!! Hassan Eats Dick!!! Snoogans 1, Monitor 0
GIMMIE MY FUCKIN CHANGE, I AINT PLAYIN WIT YOU

spoon

07-25-2005, 10:51 PM

"I get the impression he thinks ALL business is corrupt on some level, like alot of his left wing liberal friends."Well, he's probably right.  I'm all for what's he's attempting to do.  The music industry is a big fucking mess bc they're allowed to do things just like this.  If he successfully turns this inside out, perhaps radio will slowly get better again.  We may actually hear something new here and there.  And not bc Sony paid someone to play it, but due to it actually being liked.  The public has been spoon fed it's music choices for a long time.  Not to many people actually know how many great fucking bands are out there, or never got their due chance.  

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Get your balls out of your purse and step up to flavor!
With whale cancer!
F yeah!

furie

07-26-2005, 06:35 AM

Spitzer needs to find a hobby. find something usefull to do! 


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SatCam

07-26-2005, 11:21 PM

I'm all for what's he's attempting to do.  The music industry is a big fucking mess bc they're allowed to do things just like this.  If he successfully turns this inside out, perhaps radio will slowly get better again.I doubt Eliot Spitzer is sick of hearing the song "Boulevard of Broken Dreams" on Z100 so he decided to crack down on this stuff.  Although if he is, I agree... the song sucks

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